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Inflation Expectations – Why They Matter and How They Are Formed

 — Organisation: Reserve Bank of Australia (RBA) — 
Speech by Sarah Hunter, Assistant Governor (Economic), Citi Australia and New Zealand Investment Conference.

How Do Households Form Inflation and Wage Expectations?

 — Organisation: Reserve Bank of Australia (RBA) — 
This paper explores the formation of households' wage and inflation expectations using a common dataset and framework, documenting a number of stylised facts. We find that households tend to form wage and inflation expectations somewhat differently. Households associate higher wages growth with good economic outcomes, but higher inflation with worse economic outcomes. Wages expectations also tend to be somewhat more forward looking, while inflation expectations are more backward looking, especially for lower income households, and place a disproportionate weight on past fuel prices. These findings paint a picture of households having a somewhat 'supply-side' view of inflation, where shocks that push up inflation also weaken the economy, but a more 'demand-side' view of wages, where shocks that push up wages also strengthen the economy, which may make communication of monetary policy and the outlook more challenging.

Essential workers struggling to afford rents

 — Organisation: Everybody's Home — 

A new report revealing the unaffordability of housing for Australia’s essential workers underscores the urgent need for bold government action to end the crisis, Everybody’s Home said.

Released on Anti-Poverty Week (13-19 October), Anglicare’s special edition of the Rental Affordability Snapshot shows less than one percent of rentals are affordable for full-time workers in hospitality, construction and early childhood. 

Even workers with the highest award wages could only afford 3.7 percent of rentals. 

A statement from Everybody’s Home: “From essential workers, to people on the lowest incomes, millions of people are struggling to afford their biggest cost-of-living expense: rent. Housing stress and homelessness are far too high in our wealthy country.

Daily Femail: Hate Group Lies About Being Endorsed by Colorado Governor.

 — Publication: Assigned Media — 
 

Gays Against Groomers requests an honorary flag from a Colorado Government program and falsely claims it was personally granted by Governor Jared Polis.

Donald Trump, American Fascist

 — Author: Thomas Zimmer — 

Be the Narrative: How Changing the Narrative Could Revolutionize What it Means to do Human Rights

 — Organisation: The Commons Social Change Library — 

Introduction

In 2018, JustLabs, along with a group of funders, held a series of labs on producing narratives as a response to the increasingly antagonistic tide towards human rights around the world.

Our starting point was the diagnosis—based on a series of workshops we ran with human rights leaders from Africa, the Middle East, Europe, the United States, Asia and Latin America—that the human rights field was undergoing a long-term period of profound transformation instead of a moment of crisis.

In this new, permanent state of existential doubt about the human rights field’s relevance and way of working, we needed to carry out this exploration process in a way that had not yet been done systematically in the field—an honest experimentation where failure was a given, where we worked with people from disciplines often unheard of in our circles, and where we aimed to surprise ourselves with something bold and fresh, and sometimes even “scary”.

To do this, first, we mapped the world according to the level of crackdown against civil society and ended up with three types:

  • 1) relatively open but with signs of closure;
  • 2) dangerously closing space for civil society; and
  • 3) almost closed space for civil society.

We selected four countries per type:

Experts warn WA Government of gas price threat from Woodside’s export extension

 — Organisation: The Australia Institute — 

New Australia Institute analysis shows that Woodside’s North West Shelf (NWS) Extension proposal represents a major threat to WA’s domestic gas market.

The proposal is seeking approval from WA Environment and Energy Minister Reece Whitby.

Today The Australia Institute is joined by two former WA premiers, Carmen Lawrence and Peter Dowding, and oil and gas industry expert Tim Forcey to highlight the threat posed by Woodside’s proposed export expansion.

Woodside has not identified sufficient new gas supply to meet the export capacity of the LNG facility. The resulting shortfall could see further WA domestic gas diverted to export markets.

How to Message on Human Rights: A Communications Guide and Course

 — Organisation: The Commons Social Change Library — 

Introduction

Introducing resources by the Civil Liberties Union for Europe including a guide, How to Message on Human Rights: A Communications Guide for Organisations Promoting Human Rights, and related course.

These resources are for organisations in the human rights sector that want to communicate more effectively with the public to build support for human rights-related causes. This includes civil society organisations, foundations, international organisations and national bodies promoting human rights.

How to Message on Human Rights: A Communications Guide for Organisations Promoting Human Rights

The guide is divided into three parts:

AEffect Planning and Assessment Toolset

 — Organisation: The Commons Social Change Library — 

Introduction

Assessment is essential for effective artistic activism. Assessment isn’t just about measuring impact, it’s about clarifying your intent so your outcome will be more impactful.

Without some form of evaluation, how can you know what sort of affect your project generates and the effect it has? 

But assessment isn’t just about measuring impact, it’s about clarifying your intent so your outcome will be more impactful. 

We’ve put together this Æffect Planning and Assessment Toolset to help you plan, strengthen, and evaluate your creative projects.

These tools are not going to tell you what to do or how to do it, instead, they will guide you through a series of questions so you can discover these things yourself. Using creativity for social change demands accountability, and artistic activists need to learn how to evaluate their work themselves.

These tools are based on years of research and practice that we put into something we call the Æffect Assessment Methodology. This is not a one-size-fits-all evaluation method. It was designed to be as flexible, and contextual, as the practice of artistic activism. 

Review of Merchant Card Payment Costs and Surcharging

 — Organisation: Reserve Bank of Australia (RBA) — 
The Reserve Bank of Australia (RBA) is commencing its Review into Retail Payments Regulation.

Words to Win By Podcast

 — Organisation: The Commons Social Change Library — 

Introduction

The Words to Win By Podcast, formerly called Brave New Words, takes listeners on a journey around the globe with renowned communications researcher and campaign advisor Anat Shenker-Osorio as she unpacks real-world narrative shifts that led to real-world victories.

To read transcripts follow the weblinks.

Listen to Podcast

Words to Win By

The enemy within

 — Organisation: The Australia Institute — 

On this episode of After America, award-winning author, journalist and screenwriter Richard Cooke joins Dr Emma Shortis to discuss the state of this extremely close campaign.

This discussion was recorded on Monday 14 October 2024 and things may have changed since recording.

Guest: Richard Cooke, author, journalist and Contributing Editor for The Monthly // @rgcooke

Host: Emma Shortis, Senior Research for International & Security Affairs, the Australia Institute // @EmmaShortis

Show notes:

Tired of Winning: A Chronicle of American Decline by Richard Cooke (March 2019)

‘Dark Star: Elon Musk’s Political Turning’ by Richard Cooke, The Jewish Quarterly (February 2024)

Theme music: Blue Dot Sessions

Extermination Works. At First.

 — Author: Chris Hedges — 

Althusser, “levels” and a scholarly dialogue

 — Publication: Progress in Political Economy — 

To mark PPE@10 this feature continues a series of posts to celebrate ten years of Progress in Political Economy (PPE) as a blog that has addressed the worldliness of critical political economy issues since 2014. 

One of the true joys of scholarly life is a genuine discourse between fellow travelers that is both unplanned yet organic. Last year, over a period of some weeks, we were both privileged to share such a discourse. We have decided to craft a post here based on that discourse, not necessarily because it has resulted in radically new concepts or methodologies, but because it captures a (hopefully) productive effort to work through common problems.

Submission: Privacy and Other Legislation Amendment Bill 2024

 — Organisation: Digital Rights Watch — 

Privacy is essential to upholding democracy, reining in corporate power, and building a safe and fair digital future.

The bill has been described as a ‘first tranche’ in the process of reforming the Act. The two central proposals, a statutory tort and the roadmap for a children’s online privacy code, together represent a good first step, but Australia’s privacy legislation remains decades behind other nations. In particular, we note the absence of an updated definition of ‘personal information’, a fair and reasonable test, and the continuing exemptions such as those that currently exist for small businesses. Delay in pursuing these reforms leaves gaping holes in Australia’s legal regime for the protection of personal information.

We are past the time for incremental amendments to the Act.

If the Attorney-General’s office intends on introducing these reforms in ‘tranches’, as is suggested, we expect to see a detailed roadmap and timeline for the introduction of the remaining tranche(s), else we risk the remaining reforms being delayed indefinitely. We concur with many other civil society organisations in calling on the government to implement the remaining reforms within six months of taking office, should they win the next election. We also call on the opposition to make a similar commitment should they win office.

You can read our submission in full below:

Is our Government less “nature positive” than a mining magnate?

 — Organisation: The Australia Institute — 

The Wrap with Ebony Bennett

To coincide with the Australian Government’s Nature Positive Summit this week, we published a full-page ad in The Sydney Morning Herald and The Canberra Times to highlight that beneath the spin, current government policies are overwhelmingly “nature negative”.

Environment Minister Tanya Plibersek has talked a big game — she recently claimed that Australia has made “good progress” towards becoming nature positive. However, just two weeks before the summit she approved three giant new coal mine extensions that will cover an area almost the size of Sydney. That makes seven new coal mines and over 200 new gas wells approved under this government.

Polly Hemming, Director of our Climate and Energy Program, appeared on the 7am podcast to explain that so long as the government keeps doing more harm, it won’t even be “nature neutral”, let alone “nature positive”. And Richard Denniss, our Executive Director, appeared on ABC News Radio to reiterate that we’re not going to be “nature positive” until we stop logging native forests and approving new coal and gas projects.

New analysis exposes annual rent burden in capital cities

 — Organisation: Everybody's Home — 

New analysis reveals that renters living in Australia’s capital cities are spending on average nearly $15,000 more a year to rent a house since the pandemic.

To kick off the first day of Anti-Poverty Week (13-19 October), Everybody’s Home has analysed SQM Research weekly asking rents data, showing the shocking annual rise in rents that have been smashing Australians across the country since January 2020.

The analysis shows renters in capital cities are on average paying $14,700 more a year to rent a house, and $9,600 more a year to rent a unit compared to the beginning of 2020.

Sydney and Perth have seen the steepest rent rises, with the annual increase well above the capital city average for both units and houses. Adelaide and Brisbane unit rents are also above the capital city average.

10/11/2024 Market Update

 — Organisation: Applied MMT — 

Guest Post by Anonymous: “Our Highest Purpose”

 — Author: Jennifer Hurley — 

This essay was written by one of my college writing students at the Elmwood Correctional Facility in Milpitas, California. I am so grateful to share this beautiful piece of scholarship with you. These students do not have Internet access, only paper, a golf pencil, and reading that I give them.

What a Water Heater Can Teach Us About Code Reform

 — Organisation: Strong Towns — 

Australia can make speeding fines fair with proportional model: Report

 — Organisation: The Australia Institute — 

Making traffic fines proportional to drivers’ incomes, as is done in Finland, is a fairer system according to a new report from The Australia Institute, supported by Uniting Vic Tas and Financial Counselling Victoria.

With cost of living already pushing many Australians into financial difficulties, traffic fines can force low-income people into choosing between essential spending and paying fines. By contrast, traffic fines are a minor annoyance for Australia’s high-income earners.

A new report from The Australia Institute outlines a more equitable model for speeding fines based on a Finnish proportional fine system.

Key points:
●        Finland has a minimum fine amount but otherwise calculates a fine based on a driver’s income and whether they have dependents
●        This is better for equality, and sometimes catches headlines when really big fines are issued to billionaires
●        Australian states are already moving in this direction: in NSW there is already a Centrelink discount.

Lower-income drivers would see average speeding fines decrease in every state and territory, while people with the highest income bracket would see their speeding fines increase.

“For a person on a low income, speeding fines can be crippling,” said Alice Grundy, an Australia Institute research manager and report co-author.

“Having a billionaire pay the same $200 speeding fine as a low-income earner is unfair.

NACC Paladin finding raises more questions than answers

 — Organisation: The Australia Institute — 

A report by the National Anti-Corruption Commission into payments to a former Department of Home Affairs official by a company with a lucrative contract with Home Affairs raises more questions than answers.

Bill Browne, Director of the Australia Institute’s Democracy and Accountability Program, says the report is disappointing when it comes to transparency and public expectations.

Parliamentarians, academics and former whistleblowers will be among those meeting at the Australia Institute’s Transparency Summit next week to discuss how to address Australia’s culture of secrecy, including how to strengthen the NACC.

A survey of 1,005 Australians was conducted by Dynata between 21 and 23 May, 2024, about the circumstances under which the National Anti-Corruption Commission should be allowed to hold public hearings.

TWIBS: Gaines Sponsors Losers

 — Publication: Assigned Media — 
 

Riley Gaines is at it again! This time she appears to be paying collegiate sports teams to forfeit games against a school that may or may not have a trans volleyball player.

Finding peace is hard, but unending mutual destruction is in no one’s interest

 — Organisation: The Australia Institute — 

The rock is Israel’s intransigence and the implacability of Prime Minister Benjamin Netanyahu‘s coalition partners.

The hard place is the immense suffering of the Palestinian and, now, the Lebanese people.

“Acceptance” of Israel’s extreme brutality in the assertion of its right to national security and “concern” at the slaughter of 30,000 non-combatants, including over 10,000 children, are irreconcilable.

Trying to steer between the two results in the impotence and timidity that distinguishes the procession of state leaders and foreign ministers now talking at the UN General Assembly.

Its repeated claims to indispensability and world leadership notwithstanding, the US is as impotent as its allies.

Despite its repeated efforts at brokering, it has been little more than a bystander since 1948.

Netanyahu dismisses President Joe Biden’s suggestions and Anthony Blinken’s advice with scorn, preferring instead to take the Middle East to the brink of war, sure in his belief that the US is powerless to apply sanctions, cut off arms and demand a ceasefire.

Israel is certain that the US will not permit it to fail.

But driving Hamas and, now, Hezbollah further underground – literally – while reducing neighbourhoods to rubble will only increase the desperation of the Palestinian and Lebanese people and encourage further acts of terrorism and missile assault by both.

It will thus diminish rather than strengthen Israel’s long-term security.

Latest report on failure of offset program supports move from net zero to real zero

 — Organisation: The Australia Institute — 

An academic report released today outlining the failure of carbon offsets has found Australia’s biggest carbon credit method is barely removing any greenhouse gas from the atmosphere.

The report adds to the significant body of independent analysis demonstrating that Australia’s carbon credits are not effectively storing or avoiding carbon emissions, and when used as carbon offsets they are increasing emissions.

International Stock Markets’ Reactions to EU Climate Policy Shocks

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Advancing Anti-Racist Therapy for Racialised Communities

 — Organisation: The Equality Trust — 

Our new report, developed with BLAM, takes a critical look at how racial trauma can be understood and effectively addressed through the development of anti-racist therapy that centres the voices and experiences of racialised people. Racial trauma in the UK is not just a personal burden, but a public health emergency. It stems from persistent […]

The post Advancing Anti-Racist Therapy for Racialised Communities appeared first on Equality Trust.

An MMT Informed Degrowth Transition - Colleen Schneider

 — Organisation: Modern Money Lab, YouTube — 

AnnouncementCalls for papers and fellowship opportunities from the Banking & Finance Law Review

 — Organisation: Just Money — 

BFLR 7th Annual FinTech Issue (due May 1, 2025), BFLR FinTech Fellowship (due May 1, 2025), and BFLR Law Student FinTech Writing Program (due June 16, 2025)


More Announcement
Calls for papers and fellowship opportunities from the Banking & Finance Law Review

Interview: Paisley Currah – Sex Is As Sex Does

 — Publication: Assigned Media — 
 

Transgender activist Riki Wilchins interviews political theorist and leader in trans studies Paisley Currah.

Are you feeling NATURE POSITIVE?!

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Greg and Hayden discuss the government’s ‘Nature Positive’ summit, Australia’s housing debate, and a new push to end youth award rates.

Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed.

Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut

Host: Hayden Starr, Digital Media Manager, the Australia Institute // @haydenthestarr

Show notes:

‘On the climate crisis, housing and more, politicians avoid clarity because it demands action’ by Greg Jericho, Guardian Australia (October 2024)

Talking with Tom, Dick or Harry about Misogyny and Violence in Global Politics

 — Publication: Progress in Political Economy — 

To mark PPE@10 this feature continues a series of posts to celebrate ten years of Progress in Political Economy (PPE) as a blog that has addressed the worldliness of critical political economy issues since 2014. 

Feminist political economists all have a friend called Tom (or Richard. Maybe not Harry). Our Tom comes to us with questions about how class and gender collide or coincide in various aspects of the contemporary global economy. When the Economist released a report on a widening divergence in voting behaviours between young men and women, our Tom shared it in the group chat, cognizant that we had been interested in what appeared like rising rates of misogyny among young men in Australia and the implications for national security.

As feminists working at the intersection of critical political economy and international security, we’ve long been frustrated by the mainstream’s recognition that gender plays some role in the rise of extremist ideologies and violent extremist actions without a clear understanding of how and why.

Can Vehicle to Everything (V2X) Technology Make Streets Safer?

 — Organisation: Strong Towns — 

The Fed Should Create a Hurricane Crisis Facility

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 

Published at Financial Times Alphaville

The Fed Should Create a Hurricane Crisis Facility

I had a piece ready to go tomorrow covering the shocking story of the Federal Reserve nearly abandoning its 13(3) emergency lending authority in 1967. But I’ve moved it to next Tuesday because of the urgency of the moment. Obviously it's very unlikely for the Federal Reserve to jump in the middle of the Hurricane Milton disaster response but the situation is genuinely so dire that I am hoping pushing them right at this moment could lead them to seriously think about it. And in the bigger picture, criticism for their failure now makes it more possible in the future. Meanwhile the 30,000 pages of FOIAed Federal Reserve Board Minutes will come right after 

A New Indicator of Labor Market Tightness for Predicting Wage Inflation

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Super-powered nukes: Aussie funds and weapons of mass destruction

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, Margaret Beavis, Co-Director of Quit Nukes, and Adam Gottschalk, Anne Kantor Research Fellow at the Australia Institute, join us to discuss how some superannuation funds invest Australians’ retirement savings nuclear weapons.

This discussion was recorded live on Friday 4 October 2024 and things may have changed since recording.

Guest: Margaret Beavis, Co-Director, Quit Nukes // @margaretbeavis

Guest: Adam Gottschalk, Anne Kantor Research Fellow, the Australia Institute // @adamchalksitup

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett

Show notes:

Risky Business: An update on super funds and nuclear weapons by Rosemary Kelly and Margaret Beavis (September 2024)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

The Secret History of Neoliberalism (w/ George Monbiot) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.

The current world order is designed to be complex and confusing. Its function enshrines the power of our rulers, who purposely obscure its origins and underlying philosophy. Politicians, the media, so-called intellectuals at think tanks — along with the inertia of systemic falsehoods — perpetuate this veiled system. Neoliberalism has maintained its dominance through exploiting the many to sustain the prosperity of the few.

Can City Living Give You Financial Freedom?

 — Publication: CityNerd — 

Review of the Term Funding Facility

 — Organisation: Reserve Bank of Australia (RBA) — 
The Bank today released the Reserve Bank Board’s Review of the Term Funding Facility.

Picking Up the Kids - Drawn by Mr. Fish and inspired by an idea from Roger Waters

 — Author: Chris Hedges — 

Anti-Trans Orgs Seeking List of Trans Athletes

 — Publication: Assigned Media — 
 

UK-based anti-trans activist organizations For Women Scotland Sport and Sex Matters are asking on social media for reports on any trans athletes or teams who might support trans athletes, for presumably normal reasons!

A Review of the RBA's Term Funding Facility

 — Organisation: Reserve Bank of Australia (RBA) — 
Speech by Christopher Kent, Assistant Governor (Financial Markets).

Asian groups call on Australia to stop new fossil gas projects

 — Organisation: The Australia Institute — 

Non-government organisations from Japan, South Korea and Taiwan have signed an open letter urging Australia to stop new fossil gas projects.

The letter was published as a full-page advertisement in The Sydney Morning Herald and The Canberra Times, coordinated by The Australia Institute.

The groups say that Asia’s energy systems are shifting to use more renewable energy and less gas. They highlight that new gas projects will exacerbate the climate crisis, undermine regional security and work against the interests of both Asia and Australia.

Key points in the open letter:

  • Japan can achieve 90% clean electricity by 2035 and already on-sells Australian gas to third countries.
  • Solar and wind are already cheaper than gas-fired electricity in Korea, with energy storage costs also declining quickly.
  • Taiwan is implementing a carbon price and already has a rooftop solar mandate, policies that will reduce the role of gas in its energy system.

“This letter is about telling Australians that Asia is serious about climate action and phasing out fossil fuels,” said Yasuko Suzuki of Japan’s Kiko Network of community-based climate groups.

“The science is as clear in Asia as it is in Australia — real climate action means no new fossil gas.”

“The dirty gas projects proposed by Japanese companies in Australia will damage communities in Australia, Japan and around the world,” said Ayumi Fukakusa from Friends of the Earth, Japan.

The Incremental Approach Is The Imaginative Approach

 — Organisation: Strong Towns — 

Caught in the headlights

 — Organisation: The Australia Institute — 

On this episode of After America, Allan Behm, Director of the International & Security Affairs program at the Australia Institute, joins Dr Emma Shortis to discuss the situation in the Middle East and the sense of helplessness creeping into American policymaking.

This discussion was recorded on Friday 4 October 2024 and things may have changed since recording.

Guest: Allan Behm, Director, International & Security Affairs program, the Australia Institute // @Mirandaprorsus

Host: Emma Shortis, Senior Research for International & Security Affairs, the Australia Institute // @EmmaShortis

Show notes:

The Odd Couple: the Australia-America relationship by Allan Behm (2024)

‘In a largely uneventful and inconsequential US vice presidential debate, no one can claim victory’ by Emma Shortis, The Conversation (October 2024)

Theme music: Blue Dot Sessions